There is an old saying that goes like this: “The neighbor's grass is always greener”. Okay, if we're comparing SPX with our dear IBOV.
On this side (IBOV), we are always surprised with constant declines and especially with bad news (POLITICS, CPI, CPI, Unemployment, STF orders arrested, STF orders released, Bolsonaro President, etc.). From there, we have good news (packages, printers, packages, printers and more packages) and the vigorous SPX does not stop rising, it goes up like that pretty grass next door, hence the metaphor I mentioned above.
I confess that I got tired of seeing my grass always in shades of "grey-green" and decided to look across the fence, more precisely at the grass next door, which in my eyes, is always in an almost shiny lime green tone and, I realized that if I just put “a fat eye” on this grass, I believe that it can become a more “burnt-green” tone and that won't do me any harm... KKK .... (just kidding)
- Using the fabulous FIBO to trace targets/supports and considering the pivots formed in the monthly (long term), weekly (medium term) and daily (short term), I could see some interesting aspects between both pivots; your targets.
- The monthly pivot formed right after the "SUBPRIME CRASH", had its objective reached just before the 'COVID CRASH' and the most amazing thing is that if we trace a retraction from the top reached at 1.618 to the bottom of Subprime, we have two zones of important supports that were respected by “COVID CRASH ”, lines 0.382 and 0.5 of the retraction.
- Another thing that caught my attention was seeing that 1,618 of FIBO from the monthly pivot “SUBPRIME CRASH”, served as a “Pull Back” point for the resumption of prices right after the “COVID CRASH”, taking the SPX to the current level.
- In the next analysis I point the end of this bad looking and credit, the target of the weekly and daily pivot is very close to happening, but for that, I need to feel my finger in LIKE (at least 20 likes), hell, that's not possible no work! HAHAHAHA
- Make your analysis and good business!
- Be aware, If Buy, Use Stop!
On this side (IBOV), we are always surprised with constant declines and especially with bad news (POLITICS, CPI, CPI, Unemployment, STF orders arrested, STF orders released, Bolsonaro President, etc.). From there, we have good news (packages, printers, packages, printers and more packages) and the vigorous SPX does not stop rising, it goes up like that pretty grass next door, hence the metaphor I mentioned above.
I confess that I got tired of seeing my grass always in shades of "grey-green" and decided to look across the fence, more precisely at the grass next door, which in my eyes, is always in an almost shiny lime green tone and, I realized that if I just put “a fat eye” on this grass, I believe that it can become a more “burnt-green” tone and that won't do me any harm... KKK .... (just kidding)
- Using the fabulous FIBO to trace targets/supports and considering the pivots formed in the monthly (long term), weekly (medium term) and daily (short term), I could see some interesting aspects between both pivots; your targets.
- The monthly pivot formed right after the "SUBPRIME CRASH", had its objective reached just before the 'COVID CRASH' and the most amazing thing is that if we trace a retraction from the top reached at 1.618 to the bottom of Subprime, we have two zones of important supports that were respected by “COVID CRASH ”, lines 0.382 and 0.5 of the retraction.
- Another thing that caught my attention was seeing that 1,618 of FIBO from the monthly pivot “SUBPRIME CRASH”, served as a “Pull Back” point for the resumption of prices right after the “COVID CRASH”, taking the SPX to the current level.
- In the next analysis I point the end of this bad looking and credit, the target of the weekly and daily pivot is very close to happening, but for that, I need to feel my finger in LIKE (at least 20 likes), hell, that's not possible no work! HAHAHAHA
- Make your analysis and good business!
- Be aware, If Buy, Use Stop!
